The Home Depot, Inc. (NYSE:HD) Shares Acquired by Parthenon LLC

Parthenon LLC grew its holdings in The Home Depot, Inc. (NYSE:HD) by 0.9% in the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The firm owned 23,641 shares of the home improvement retailer’s stock after buying an additional 207 shares during the quarter. Home Depot comprises 1.1% of Parthenon LLC’s investment portfolio, making the stock its 28th biggest holding. Parthenon LLC’s holdings in Home Depot were worth $8,193,000 as of its most recent SEC filing.

Several other hedge funds have also modified their holdings of HD. Keener Financial Planning LLC acquired a new stake in Home Depot in the fourth quarter valued at $31,000. PFG Private Wealth Management LLC grew its holdings in Home Depot by 53.3% in the fourth quarter. PFG Private Wealth Management LLC now owns 92 shares of the home improvement retailer’s stock valued at $32,000 after purchasing an additional 32 shares during the last quarter. Gilfoyle & Co LLC acquired a new stake in shares of Home Depot during the fourth quarter valued at $35,000. Briaud Financial Planning Inc acquired a new stake in shares of Home Depot during the third quarter valued at $41,000. Finally, Quantbot Technologies LP acquired a new stake in shares of Home Depot during the third quarter valued at $64,000. 70.86% of the stock is owned by institutional investors and hedge funds.

Home Depot Trading Down 0.8 %

Shares of Home Depot stock traded down $2.57 on Tuesday, reaching $334.23. 3,088,022 shares of the company were exchanged, compared to its average volume of 3,341,935. The stock has a fifty day moving average price of $363.69 and a 200-day moving average price of $341.88. The firm has a market capitalization of $331.23 billion, a price-to-earnings ratio of 22.13, a price-to-earnings-growth ratio of 2.23 and a beta of 0.98. The company has a current ratio of 1.35, a quick ratio of 0.40 and a debt-to-equity ratio of 40.94. The Home Depot, Inc. has a fifty-two week low of $274.26 and a fifty-two week high of $396.87.

Home Depot (NYSE:HD) last announced its earnings results on Tuesday, February 20th. The home improvement retailer reported $2.82 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $2.77 by $0.05. The company had revenue of $34.79 billion for the quarter, compared to analyst estimates of $34.64 billion. Home Depot had a return on equity of 1,452.22% and a net margin of 9.92%. Home Depot’s revenue for the quarter was down 2.9% compared to the same quarter last year. During the same period in the previous year, the firm earned $3.30 earnings per share. On average, analysts expect that The Home Depot, Inc. will post 15.37 EPS for the current year.

Home Depot Increases Dividend

The firm also recently declared a quarterly dividend, which was paid on Thursday, March 21st. Investors of record on Thursday, March 7th were given a dividend of $2.25 per share. This represents a $9.00 annualized dividend and a yield of 2.69%. This is a positive change from Home Depot’s previous quarterly dividend of $2.09. The ex-dividend date of this dividend was Wednesday, March 6th. Home Depot’s payout ratio is presently 59.60%.

Analysts Set New Price Targets

A number of analysts recently commented on HD shares. HSBC reaffirmed a “reduce” rating and set a $323.00 price objective on shares of Home Depot in a research note on Wednesday, April 3rd. Bank of America increased their price objective on Home Depot from $400.00 to $425.00 and gave the company a “buy” rating in a research note on Monday, April 1st. Telsey Advisory Group increased their price objective on Home Depot from $335.00 to $360.00 and gave the company a “market perform” rating in a research note on Monday, April 1st. Citigroup raised their price target on Home Depot from $333.00 to $415.00 and gave the stock a “buy” rating in a research note on Wednesday, February 21st. Finally, TD Cowen raised their price target on Home Depot from $415.00 to $440.00 and gave the stock an “outperform” rating in a research note on Monday, March 4th. One investment analyst has rated the stock with a sell rating, seven have given a hold rating and nineteen have assigned a buy rating to the company. Based on data from MarketBeat, the stock has a consensus rating of “Moderate Buy” and an average price target of $375.96.

Insider Buying and Selling

In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction dated Thursday, February 22nd. The stock was sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now owns 75,799 shares in the company, valued at approximately $27,950,123.26. The sale was disclosed in a filing with the Securities & Exchange Commission, which is available through the SEC website. In other news, EVP Timothy A. Hourigan sold 8,996 shares of the company’s stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.74, for a total value of $3,317,185.04. Following the transaction, the executive vice president now directly owns 75,799 shares of the company’s stock, valued at $27,950,123.26. The transaction was disclosed in a document filed with the Securities & Exchange Commission, which is available at this hyperlink. Also, CEO Edward P. Decker sold 35,987 shares of Home Depot stock in a transaction on Thursday, February 22nd. The shares were sold at an average price of $368.63, for a total value of $13,265,887.81. Following the sale, the chief executive officer now directly owns 107,731 shares of the company’s stock, valued at approximately $39,712,878.53. The disclosure for this sale can be found here. Company insiders own 0.10% of the company’s stock.

Home Depot Profile

The Home Depot, Inc operates as a home improvement retailer in the United States and internationally. It sells various building materials, home improvement products, lawn and garden products, and décor products, as well as facilities maintenance, repair, and operations products. The company also offers installation services for flooring, water heaters, bath, garage doors, cabinets, cabinet makeovers, countertops, sheds, furnaces and central air systems, and windows.